“Last week we saw blowout earnings for Q3:15 from Amazon, Google and even Microsoft (not old-tech anymore) which could be a great set-up going into this week for Apple earnings on Tuesday, October 27, after the closing bell,” Jay Somaney writes for Forbes. “Or not!”
“For calendar Q3 (Apple FQ:4), Wall Street analysts are expecting Apple to report earnings of $1.88 per share on revenues of $51.1 billion,” Somaney writes. “Numbers for the September quarter matter very little except for headline shock or awe (dismay or pleasure). What matters is how the company guided for the December quarter and currently the sell-siders are modeling earnings of $3.21 per share on revenues of $77 billion.”
Somaney writes, “As far as unit breakdown forecasts for the September quarter for various major Apple products the range is pretty wide and as follows: iPhones estimates range from 46 to 49 million units with an average consensus of 47.7 million units; average of 5.7 million Macs with a range of 5.1 million to 5.8 million; average of 10.2 million iPads with a range of 9.8 million to 10.4 million”
Read more in the full article here.
MacDailyNews Take: No.
Apple to release Q415 earnings, webcast live conference call on October 27th – October 8, 2015